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Support and Resistance

Technical trading for traderTechnical trading is the practice of using price-based trading strategies to make short-term trades. It relies heavily on technical analysis, which uses past and current data to identify trends in the market. ​Technical trading is a broader style that is not necessarily limited to trading. Generally, a technician uses historical patterns of trading data to predict what might happen to stocks in the future. This is the same method practiced by economists and meteorologists: looking to the past for insight into the future.
NSE:IGLEducation
by SkyTradingZone
2
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NSE:BANKNIFTYEducation
by SkyTradingZone
4
SBIN Support & Resistance As of December 20, 2024, State Bank of India (SBIN) closed at ₹812.00, experiencing a decline of ₹20.80 (-2.50%) from the previous close. The following support and resistance levels have been identified for SBIN: Support Levels: S1: ₹823.90 S2: ₹813.15 S3: ₹804.87 Resistance Levels: R1: ₹841.70 R2: ₹848.75 R3: ₹858.27 These levels are derived from various pivot point calculations, including Standard, Camarilla, Fibonacci, Woodie, and Demark methods. Please note that support and resistance levels are dynamic and can change based on market conditions. It's advisable to consult real-time data and consider multiple technical indicators before making any trading decisions.
NSE:SBINLong
by EmpireCrown
INDUSINDBK Support & ResistanceAs of December 24, 2024, IndusInd Bank Limited (INDUSINDBK) closed at ₹935.30, reflecting a decrease of 0.51% from the previous close. The following support and resistance levels have been identified for INDUSINDBK: Support Levels: S1: ₹924.45 S2: ₹907.75 S3: ₹875.00 Resistance Levels: R1: ₹940.65 R2: ₹948.15 R3: ₹955.00 These levels are derived from various technical analyses, including pivot point calculations and moving averages. Please note that support and resistance levels are dynamic and can change based on market conditions. It's advisable to consult real-time data and consider multiple technical indicators before making any trading decisions.
NSE:INDUSINDBKLong
by EmpireCrown
Nifty 50 Support & ResistanceAs of December 24, 2024, the Nifty 50 Index closed at 23,587.50. The following support and resistance levels have been identified for the Nifty 50: Support Levels: S1: 23,500 S2: 23,400 S3: 23,300 Resistance Levels: R1: 23,700 R2: 23,800 R3: 23,900 These levels are derived from pivot point calculations, which are commonly used in technical analysis to determine potential support and resistance areas. Please note that support and resistance levels are dynamic and can change based on market conditions. It's advisable to consult real-time data and consider multiple technical indicators before making any trading decisions.
NSE:NIFTYLong
by EmpireCrown
TATAMOTORS Support & Resistance As of December 24, 2024, Tata Motors Limited (TATAMOTORS) closed at ₹736.10, marking an increase of ₹13.90 (1.92%) from the previous close. The following support and resistance levels have been identified for Tata Motors: Support Levels: S1: ₹729.30 S2: ₹713.10 S3: ₹706.72 Resistance Levels: R1: ₹752.10 R2: ₹757.00 R3: ₹770.00 These levels are derived from various technical analyses, including pivot point calculations and moving averages. Please note that support and resistance levels are dynamic and can change based on market conditions. It's advisable to consult real-time data and consider multiple technical indicators before making any trading decisions.
NSE:TATAMOTORSLong
by EmpireCrown
RELIANCE Support & ResistanceAs of December 24, 2024, Reliance Industries Limited (RELIANCE) closed at ₹1,272.00, reflecting an increase of 0.79% from the previous close. The following support and resistance levels have been identified for RELIANCE: Support Levels: S1: ₹1,217.98 S2: ₹1,213.22 S3: ₹1,205.43 Resistance Levels: R1: ₹1,229.27 R2: ₹1,238.32 R3: ₹1,243.08 These levels are derived from various technical analyses, including pivot point calculations and moving averages. Please note that support and resistance levels are dynamic and can change based on market conditions. It's advisable to consult real-time data and consider multiple technical indicators before making any trading decisions.
NSE:RELIANCELong
by EmpireCrown
AXISBANK Support & ResistanceAs of December 24, 2024, Axis Bank Limited (AXISBANK) closed at ₹1,078.90, reflecting a slight decrease of 0.02% from the previous close. The following support and resistance levels have been identified for AXISBANK: Support Levels: S1: ₹1,075 S2: ₹1,071 S3: ₹1,066 Resistance Levels: R1: ₹1,084 R2: ₹1,089 R3: ₹1,093 These levels are derived from technical analyses, including pivot point calculations and moving averages. Please note that support and resistance levels are dynamic and can change based on market conditions. It's advisable to consult real-time data and consider multiple technical indicators before making any trading decisions.
NSE:AXISBANKLong
by EmpireCrown
ICICIBANK Support & ResistanceAs of December 24, 2024, ICICI Bank Limited (ICICIBANK) closed at ₹1,296.80, reflecting an increase of 0.65% from the previous close. The following support and resistance levels have been identified for ICICIBANK: Support Levels: S1: ₹1,290 S2: ₹1,283 S3: ₹1,276 Resistance Levels: R1: ₹1,304 R2: ₹1,312 R3: ₹1,319 These levels are derived from technical analyses, including pivot point calculations and moving averages. Please note that support and resistance levels are dynamic and can change based on market conditions. It's advisable to consult real-time data and consider multiple technical indicators before making any trading decisions.
NSE:ICICIBANKLong
by EmpireCrown
BPCL Support & ResistanceAs of December 24, 2024, Bharat Petroleum Corporation Limited (BPCL) closed at ₹289.10, reflecting a slight increase of 0.02% from the previous close. The following support and resistance levels have been identified for BPCL: Support Levels: S1: ₹285.10 S2: ₹280.07 S3: ₹275.65 Resistance Levels: R1: ₹292.00 R2: ₹295.50 R3: ₹298.67 These levels are derived from various technical analyses, including pivot point calculations and moving averages. MUNAFASUTRA Please note that support and resistance levels are dynamic and can change based on market conditions. It's advisable to consult real-time data and consider multiple technical indicators before making any trading decisions.
NSE:BPCLLong
by EmpireCrown
Nifty50 - November 2024 viewIn my October view, I had mentioned that it is time to be cautious as Nifty was near an important zone of 26240-26270 and we have seen more than 2000 points fall since then. FIIs have sold more than 1.3 lakh crore of equity in last 40 days. Let's analyze what can be expected in this month. We have seen nearly 10% correction from ATH in Nifty50. 23900 is acting as a support currently which is also its 78.6 % fib extension. On the downside:- Below 23900, I am expecting at least 23300 which is near the trendline support. On the upside:- 24300, 24800 & 25000 would act as a strong resistance. Current view is sideways to bearish till 25000 is breached on weekly closing basis Till then, market will remain on sell at high.
NSE:NIFTY
by chartistamey
Nifty Intraday Analysis for 24th December 2024NSE:NIFTY Index closed near 23755 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 24000 Strike – 124.17 Lakh 23800 Strike – 67.11 Lakh 24900 Strike – 53.40 Lakh Put Writing 23500 Strike – 101.17 Lakh 23700 Strike – 53.90 Lakh 23800 Strike – 47.69 Lakh Index has resistance near 23800 - 23850 range and if index crosses and sustains above this level then may reach near 24000 - 24100 range. Index has immediate support near 23550 – 23500 range and if this support is broken then index may tank near 23350 – 23300 range.
NSE:NIFTY
by RKMAURYA
Banknifty Intraday Analysis for 24th December 2024NSE:BANKNIFTY Index closed near 51320 level and Maximum Call and Put Writing near CMP as below in December Month contract: Call Writing 52000 Strike – 30.38 Lakh 51500 Strike – 30.35 Lakh 52500 Strike – 25.81 Lakh Put Writing 51000 Strike – 24.98 Lakh 50000 Strike – 22.35 Lakh 50500 Strike – 13.40 Lakh Index has resistance near 51900 – 52000 range and if index crosses and sustains above this level then may reach near 523500 – 52500 range. Index has immediate support near 50700 - 50600 range and if this support is broken then index may tank near 50000 - 49900 range.
NSE:BANKNIFTY
by RKMAURYA
Finnifty Intraday Analysis for 24th December 2024NSE:CNXFINANCE Index closed near 23785 level and Maximum Call and Put Writing near CMP as below in December Month contract: Call Writing 24000 Strike – 2.92 Lakh 23900 Strike – 1.38 Lakh 24200 Strike – 1.31 Lakh Put Writing 23500 Strike – 1.68 Lakh 24000 Strike – 1.47 Lakh 23750 Strike – 1.39 Lakh Index has resistance near 23950 - 24000 range and if index crosses and sustains above this level then may reach near 24200 - 24250 range. Index has immediate support near 23550 – 23500 range and if this support is broken then index may tank near 23200 – 23150 range.
NSE:CNXFINANCE
by RKMAURYA
Midnifty Intraday Analysis for 24th December 2024NSE:NIFTY_MID_SELECT Index closed near 12755 level and Maximum Call and Put Writing near CMP as below in December Month contract: Call Writing 13000 Strike – 9.46 Lakh 12900 Strike – 6.93 Lakh 12800 Strike – 6.89 Lakh Put Writing 12500 Strike – 6.71 Lakh 12800 Strike – 5.49 Lakh 12700 Strike – 4.70 Lakh Index has immediate resistance near 12850 – 12900 range and if index crosses and sustains above this level then may reach 13000 – 13100 range. Index has immediate support near 12600 – 12550 range and if this support is broken then index may tank near 12400 – 12350 range.
NSE:NIFTY_MID_SELECT
by RKMAURYA
BankNifty levels - Dec 26, 2024Utilizing the support and resistance levels of BankNifty, along with the 5-minute timeframe candlesticks and VWAP, can enhance the precision of trade entries and exits on or near these levels. It is crucial to recognize that these levels are not static, and they undergo alterations as market dynamics evolve. The dashed lines on the chart indicate the reaction levels, serving as additional points of significance. Furthermore, take note of the response at the levels of the High, Low, and Close values from the day prior. We trust that this information proves valuable to you. * If you found the idea appealing, kindly tap the Boost icon located below the chart. We encourage you to share your thoughts and comments regarding it. Wishing you successful trading endeavors!
NSE:BANKNIFTY
by sacxe
Nifty levels - Dec 26, 2024Nifty support and resistance levels are valuable tools for making informed trading decisions, specifically when combined with the analysis of 5-minute timeframe candlesticks and VWAP. By closely monitoring these levels and observing the price movements within this timeframe, traders can enhance the accuracy of their entry and exit points. It is important to bear in mind that support and resistance levels are not fixed, and they can change over time as market conditions evolve. The dashed lines on the chart indicate the reaction levels, serving as additional points of significance to consider. Furthermore, take note of the response at the levels of the High, Low, and Close values from the day prior. We hope you find this information beneficial in your trading endeavors. * If you found the idea appealing, kindly tap the Boost icon located below the chart. We encourage you to share your thoughts and comments regarding it. Wishing you success in your trading activities!
NSE:NIFTY
by sacxe
ABDL: Bullish Setup Post-BreakoutABDL: Bullish Setup Post-Breakout 🔥📈 ✅ Breakout Alert: Price broke out of a long consolidation range, signalling strong momentum. ✅ Retest Success: Retested the breakout zone (~₹373), confirming it as support. ✅ Bullish Pattern: Inverse Head & Shoulders confirmed, adding to the bullish outlook. ✅ Volume Pickup: Rising volume aligns with price action, indicating strong buying interest. ✅ Above Moving Averages: Price holds above key 50 & 200 DMAs, reinforcing the uptrend. 🎯 Key Levels: Entry Zone: ₹395-396(Safe Players wait for a day close) Target: ₹471-480 (Medium Term) Stop Loss: ₹359 (Closing Basis) 💡 Risk/Reward: Risk: ~9% Reward: 38%-50% 📌 Note: This setup is for educational purposes only. Please do your due diligence before trading.
NSE:ABDLLong
by sagartharayil